Central Indiana Corporate Partnership Inc
- Assets
- $6.8m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 180
- Location
- Indianapolis, IN
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 35-2065459
Organization Overview
Central Indiana Corporate Partnership Inc is located in Indianapolis, IN. The organization was established in 1999. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Central Indiana Corporate Partnership Inc employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Indiana Corporate Partnership Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Central Indiana Corporate Partnership Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $9.1m during the year ending 12/2023. While expenses have increased by 8.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Central Indiana Corporate Partnership Inc has awarded 50 individual grants totaling $5,395,595. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CENTRAL INDIANA CORPORATE PARTNERSHIP (CICP) IS TRANSFORMING OUR REGIONAL ECONOMY, BRINGING TOGETHER THE CEOS OF CENTRAL INDIANA'S LARGEST AND MOST CIVICALLY ENGAGED EMPLOYERS AND UNIVERSITY PRESIDENTS TO ADVANCE "BIG PICTURE" PRIORITIES LIKE ENCOURAGING INNOVATION AND ENTREPRENEURSHIP, BUILDING A WORLD-CLASS WORKFORCE AND CREATING A PRO-GROWTH ECONOMY. CICP HAS BUILT A UNIFIED STRUCTURE FOR REGIONAL ECONOMIC DEVELOPMENT, LEADING A FAMILY OF INITIATIVES FOCUSED ON INDIANA'S MOST DYNAMIC, FAST-GROWING INDUSTRIES - LIFE SCIENCES, TECHNOLOGY, AGRICULTURAL INNOVATION, AND ADVANCED MANUFACTURING AND LOGISTICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHPOINT IS THE INDUSTRY-LED GROWTH INITIATIVE FOR INDIANA'S DIGITAL INNOVATION ECONOMY AND OVERALL TECH ECOSYSTEM FOCUSED ON EXPANDING THE TECH TALENT PIPELINE, ENHANCING RESOURCE CONNECTIVITY FOR ENTERPRISE ORGANIZATIONS AND STARTUPS ALIKE, AND ELEVATING THE INDUSTRY BY ACTIVATING THE COMMUNITY AND AMPLIFYING STORIES OF SUCCESS IN COLLABORATION WITH PUBLIC, PRIVATE AND INDUSTRY PARTNERS. VISIT WWW.TECHPOINT.ORG. THE INDIANA TECH SECTOR MADE PROGRESS TOWARD ITS COLLABORATIVE GOAL OF INCLUSIVELY ADDING 41,000 TECH WORKERS TO THE STATE BY 2030 VIA TECHPOINT'S MISSION41K EFFORT. THE INTENTIONAL WORK ALSO INCLUDED GROWING THE NUMBER OF ADULT APPRENTICESHIPS, ENHANCING SKILLS-BASED HIRING PRACTICES AND INCREASING PROGRAMS AIMED AT BRINGING MORE BLACKS, HISPANICS AND WOMEN INTO HOOSIER TECH CAREERS. MORE THAN 200 TECH LEADERS ARE ACTIVE PARTICIPANTS IN MISSION41K. THE RATE OF INDIANA'S NEW TECH JOB CREATION GREW FROM AN AVERAGE OF 2 PERCENT IN 2022 TO 5.6 PERCENT IN 2023. TECHPOINT DOUBLED DOWN ON ITS HISTORY OF HELPING INDIANA TECH INNOVATORS ACCESS THE CAPITAL AND OTHER SUPPORT NEEDED TO GROW BY LAUNCHING THE INDIANA FOUNDERS NETWORK AND THE BUTLER ACCELERATOR FOR EDUCATION & WORKFORCE INNOVATION; REVAMPING THE CIO NETWORK; CONTINUING TO CONVENE INVESTORS TO LEARN ABOUT PROMISING COMPANIES; AND MARKETING ITS VENTURE SUPPORT OFFERINGS, INCLUDING THE INDIANA VCI MARKETPLACE. MORE THAN 160 STARTUPS WERE SERVED IN 2023. VENTURE CAPITAL (VC) INVESTMENTS IN INDIANA REACHED APPROXIMATELY $278 MILLION IN DEAL VALUE THROUGH 115 TECH DEALS IN 2023, THE FOURTH LARGEST AMOUNT OF ANNUAL INDIANA VC INVESTMENTS, FOLLOWING 2022, 2021 AND 2019, WHICH ALIGNS WITH NATIONAL TRENDS. WHILE THE BULK OF INVESTMENTS REMAINED IN CENTRAL INDIANA, EACH OF INDIANA'S REGIONS COMPLETED AT LEAST ONE DEAL. IN 2023, TECHPOINT ISSUED REPORTS ON ARTIFICIAL INTELLIGENCE AND ITS MARKET IMPLICATIONS, THE TECH WORKFORCE, MISSION 41K PROGRESS, AND VC PERFORMANCE. IN ADDITION, TECHPOINT PROVIDED WEEKLY PROMOTION OF CURRENT EVENTS AND TRENDS IN INDIANA TECH. THOUSANDS OF INDIANA TECH SECTOR MEMBERS ALSO TOOK PART IN MORE THAN 44 TECHPOINT CONVENINGS, INCLUDING CIO NETWORKING, LEADERSHIP ACADEMY TRAINING, VC CONNECTIONS, TALENT PROGRAM ACTIVITIES AND THE MIRA AWARDS GALA.
CONEXUS INDIANA HAS BEEN POSITIONING THE HOOSIER STATE AS THE BEST PLACE FOR ADVANCED MANUFACTURING AND LOGISTICS INDUSTRIES TO INNOVATE, INVEST, EMPLOY AND SUCCEED FOR MORE THAN A DECADE. BY COLLABORATING WITH INDUSTRY, ACADEMIC AND PUBLIC SECTOR PARTNERS ON A SHARED VISION FOR AN INNOVATIVE, SKILLED WORKFORCE AND STRONGER BUSINESS CLIMATE, CONEXUS INDIANA HAS HELPED TO CREATE OPPORTUNITIES FOR ADVANCED MANUFACTURING AND LOGISTICS COMPANIES, PREPARE HOOSIERS TO SUCCEED IN THE STATE'S LARGEST INDUSTRY SECTORS AND MAINTAIN INDIANA'S COMPETITIVE ADVANTAGE. VISIT WWW.CONEXUSINDIANA.COM. WITH THE INPUT OF ITS INDUSTRY, ACADEMIC AND PUBLIC-SECTOR PARTNERS, CONEXUS INDIANA MADE SIGNIFICANT STRIDES IN 2023 GROWING PROVEN PROGRAMS AND LEADING IMPORTANT COLLABORATIVE EFFORTS TO PAVE A CLEAR PATH FOR COMPANIES AND HOOSIERS TO SUCCEED IN AN INDUSTRY 4.0 ECONOMY. FROM A POSITION OF STRENGTH, INDIANA MANUFACTURERS ARE EMBRACING OPPORTUNITIES TO INCREASE THEIR PRODUCTIVITY AND COMPETITIVENESS WITH ADVANCED TECHNOLOGIES AND A SKILLED WORKFORCE. INDIANA MANUFACTURERS ARE ADOPTING DIGITAL TECHNOLOGIES AT A POSITIVE PACE AND LOCAL ENTREPRENEURS AND TECHNOLOGY PROVIDERS ARE DELIVERING MUCH-NEEDED SOLUTIONS. CONEXUS INDIANA'S EFFORTS TO CONNECT TECHNOLOGY INTEGRATORS, ENTREPRENEURS AND INDIANA MANUFACTURERS ARE PAYING OFF AND HELPING TO GROW THE ADVANCED MANUFACTURING AND LOGISTICS (AML) ECOSYSTEM AND HELPING INDIANA COMPANIES FIND LOCAL TECHNOLOGY SOLUTIONS. CONEXUS STRATEGICALLY BROUGHT INDUSTRY AND ENTREPRENEURS TOGETHER THROUGH EVENTS, SUCH AS THE RALLY INNOVATION CONFERENCE AND THE GENER8TOR MANUFACTURING CONFERENCE, MAKING CONNECTIONS WHERE NONE EXISTED BEFORE. CONEXUS INDIANA ALSO SPEARHEADED THE LAUNCH OF HARDTECH INDIANA A CONVENING ORGANIZATION DESIGNED TO PROVIDE A SPACE WHERE HARDTECH INNOVATORS, INVESTORS AND CORPORATE CUSTOMERS CONNECT AND COLLABORATE. CONEXUS INDIANA PARTNERED WITH THE INDIANA ECONOMIC DEVELOPMENT CORPORATION (IEDC) FOR THE THIRD CONSECUTIVE YEAR TO ADMINISTER MANUFACTURING READINESS GRANTS, A PROGRAM THAT HELPS MANUFACTURERS MAKE INNOVATIVE CAPITAL INVESTMENTS LEVERAGING TECHNOLOGIES FROM ADVANCED COMMUNICATIONS TO COBOTS TO THE INDUSTRIAL INTERNET OF THINGS (IIOT) AND BEYOND. IN 2023, 161 GRANTS WERE AWARDED, SUPPORTING $329 MILLION IN TECHNOLOGY-ENABLED CAPITAL INVESTMENTS TO ACCELERATE PRODUCTION CAPABILITIES AND EFFICIENCIES.
ASCEND INDIANA IS A TALENT AND WORKFORCE DEVELOPMENT INITIATIVE COMMITTED TO MAKING INDIANA A PLACE OF ECONOMIC OPPORTUNITY FOR ALL. ASCEND CONNECTS JOB SEEKERS TO GOOD AND PROMISING CAREER OPPORTUNITIES THROUGH AN INNOVATIVE JOB MATCHING PLATFORM, THE ASCEND NETWORK; CATALYZES PARTNERSHIPS AND PROVIDES CONSULTING SERVICES TO MEET HIGH-DEMAND WORKFORCE NEEDS THROUGH ASCEND SERVICES; AND CONDUCTS RESEARCH THROUGH ASCEND INSIGHTS TO ENABLE SYSTEMS-LEVEL CHANGE THAT POSITIVELY IMPACTS INDIVIDUALS THROUGHOUT THE STATE. VISIT WWW.ASCENDINDIANA.COM. THE ASCEND NETWORK IS AN INNOVATIVE ONLINE JOB MATCHING PLATFORM THAT CONNECTS INDIVIDUALS TO JOBS, INTERNSHIPS, AND WORK-BASED LEARNING OPPORTUNITIES, WHILE HELPING INDIANA EMPLOYERS FIND AND HIRE QUALIFIED CANDIDATES. SINCE 2017, ASCEND HAS PROVIDED NEARLY 23,000 CAREER NAVIGATION ACTIVITIES TO STUDENTS AND JOB SEEKERS THROUGH THE CREATION OF A NETWORK PROFILE OR ONE-ON-ONE MEETINGS WITH A CAREER MENTOR. OVER 50% OF THESE INDIVIDUALS ARE INDIVIDUALS OF COLOR, FROM LOW-INCOME BACKGROUNDS, AND/OR FIRST-GENERATION COLLEGE STUDENTS. ALTOGETHER, THE NETWORK HAS CONNECTED OVER 2,800 INDIVIDUALS WITH GOOD AND PROMISING JOB OPPORTUNITIES IN THE STATE. ASCEND SERVICES BUILDS TALENT PIPELINES AND TALENT STRATEGIC PLANS THAT EQUIP INDIVIDUALS, INCLUDING BOTH YOUTH AND ADULTS, WITH THE KNOWLEDGE AND SKILLS REQUIRED FOR AVAILABLE GOOD AND PROMISING JOBS. SINCE 2017, ASCEND HAS BUILT 64 TALENT PIPELINES AND TALENT STRATEGIES ALONGSIDE EMPLOYERS, LEADING TO 2,047 INDIVIDUALS PARTICIPATING IN NEW TRAINING PROGRAMS THAT PREPARE THEM FOR GOOD JOBS IN THE STATE. IN 2023, SERVICES COMPLETED CRITICAL TALENT PIPELINE AND STRATEGIC PLANNING PROJECTS ALONGSIDE EMPLOYER PARTNERS, INCLUDING EMPLOYINDY AND THE CONEXUS INDIANA CATAPULT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Linebarger Chair - Through July | OfficerTrustee | 1 | $0 |
Sue Ellspermann At-Large/chair Beginning July | OfficerTrustee | 1 | $0 |
Bryan Mills Vice Chair/treasurer | OfficerTrustee | 1 | $0 |
Stephen Ferguson Secretary | OfficerTrustee | 1 | $0 |
Gail Boudreaux At-Large | Trustee | 1 | $0 |
Jeff Harrison At-Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Apprenticeship Pbc Support Techpoint Sklls Frst Pthwy Prgm | 12/30/23 | $253,000 |
Leaf Software Solutions Inc Ascend Talent Network Development | 12/30/23 | $247,123 |
Resultant Information Tech Security Consulting | 12/30/23 | $198,361 |
Hntb Corporation Conexus Indot Freight Planng Study | 12/30/23 | $152,977 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,453,250 |
| Fundraising events | $0 |
| Related organizations | $551,768 |
| Government grants | $3,229,394 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,866,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,100,738 |
| Total Program Service Revenue | $0 |
| Investment income | $221,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,885 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,410,868 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,373,519 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,536,799 |
| Pension plan accruals and contributions | $994,377 |
| Other employee benefits | $2,179,067 |
| Payroll taxes | $871,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,866 |
| Fees for services: Accounting | $26,347 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200,984 |
| Advertising and promotion | $277,759 |
| Office expenses | $197,673 |
| Information technology | $64,765 |
| Royalties | $0 |
| Occupancy | $358,355 |
| Travel | $83,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,872 |
| Interest | $15,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,078,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $870,602 |
| Savings and temporary cash investments | $5,865,740 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,843 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,107 |
| Total assets | $6,777,292 |
| Accounts payable and accrued expenses | $454,123 |
| Grants payable | $0 |
| Deferred revenue | $237,995 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $443,508 |
| Total liabilities | $1,135,626 |
| Net assets without donor restrictions | $5,641,666 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,777,292 |
Grants Awarded
Over the last fiscal year, Central Indiana Corporate Partnership Inc has awarded $36,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ECONOMIC CLUB OF INDIANA INC PURPOSE: ADVANCE CENTRAL INDIANA ECONOMIC NETWORKING PROGRAMS | $10,000 |
NORTHEAST INDIANA REGIONAL PARTNERSHIP INC PURPOSE: ADVANCE REGIONAL BUSINESS INVESTMENT AND ECONOMIC DEVELOPMENT PROGRAMS | $10,000 |
CAREERWISE COLORADO PURPOSE: ADVANCE ASCEND INDIANA'S MODERN AND YOUTH APPRENTICESHIP PROGRAMS | $16,000 |